Allison Transmission Holdings Inc. Q2 2024 10-Q Filing
Ticker: ALSN · Form: 10-Q · Filed: Jul 26, 2024 · CIK: 1411207
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: ALSN
TL;DR
Allison Transmission's Q2 10-Q is in: financials updated, check for details.
AI Summary
Allison Transmission Holdings Inc. filed its 10-Q for the period ending June 30, 2024. The company reported its financial performance and condition, including assets, liabilities, and equity. Specific financial figures and operational details are provided within the filing, which is standard for quarterly reports.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Allison Transmission, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently contain new, high-impact risks.
Key Players & Entities
- Allison Transmission Holdings Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- Indianapolis, IN (location) — Company headquarters and mailing address
- 001-35456 (other) — SEC File Number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the quarter ended June 30, 2024.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 3714, which corresponds to MOTOR VEHICLE PARTS & ACCESSORIES.
Where is Allison Transmission Holdings Inc. headquartered?
Allison Transmission Holdings Inc. is headquartered in Indianapolis, Indiana, with its business and mailing addresses listed as ONE ALLISON WAY, Indianapolis, IN 46222.
What is the SEC file number for Allison Transmission Holdings Inc.?
The SEC file number for Allison Transmission Holdings Inc. is 001-35456.
What type of credit facility does the company utilize?
The company utilizes a Variable Rate One Member Revolving Credit Facility.
Filing Stats: 4,590 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-07-26 08:57:29
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value ALSN New York Stock Excha
Filing Documents
- alsn-20240630.htm (10-Q) — 2195KB
- alsn-ex10_2.htm (EX-10.2) — 30KB
- alsn-ex10_3.htm (EX-10.3) — 102KB
- alsn-ex10_4.htm (EX-10.4) — 122KB
- alsn-ex10_5.htm (EX-10.5) — 143KB
- alsn-ex31_1.htm (EX-31.1) — 18KB
- alsn-ex31_2.htm (EX-31.2) — 21KB
- alsn-ex32_1.htm (EX-32.1) — 14KB
- img106249738_0.jpg (GRAPHIC) — 85KB
- 0000950170-24-086738.txt ( ) — 10134KB
- alsn-20240630.xsd (EX-101.SCH) — 1127KB
- alsn-20240630_htm.xml (XML) — 1966KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statements of Stockholders' Equity 6 Notes to Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 37 Item 4.
Controls and Procedures
Controls and Procedures 38
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 39 Item 1A.
Risk Factors
Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 5. Other Information 40 Item 6. Exhibits 41
Signatures
Signatures 42 2 Table of Contents
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
Financi al Statements
ITEM 1. Financi al Statements Allison Transmission Holdings, Inc. Condensed Consolida ted Balance Sheets (unaudited, dollars in millions, except share and per share data) June 30, 2024 December 31, 2023 ASSETS Current Assets Cash and cash equivalents $ 648 $ 555 Accounts receivable – net of allowance for doubtful accounts of $ 2 and $ 4 , respectively 383 356 Inventories 303 276 Other current assets 89 63 Total Current Assets 1,423 1,250 Property, plant and equipment, net 760 774 Intangible assets, net 826 833 Goodwill 2,075 2,076 Marketable securities 11 20 Other non-current assets 81 72 TOTAL ASSETS $ 5,176 $ 5,025 LIABILITIES Current Liabilities Accounts payable $ 249 $ 210 Product warranty liability 32 32 Current portion of long-term debt 5 6 Deferred revenue 44 41 Other current liabilities 181 212 Total Current Liabilities 511 501 Product warranty liability 27 27 Deferred revenue 92 89 Long-term debt 2,397 2,497 Deferred income taxes 510 519 Other non-current liabilities 155 159 TOTAL LIABILITIES 3,692 3,792 Commitments and contingencies (see Note P) STOCKHOLDERS' EQUITY Common stock, $ 0.01 par value, 1,880,000,000 shares authorized, 87,193,692 shares issued and outstanding and 87,648,046 shares issued and outstanding, respectively 1 1 Non-voting common stock, $ 0.01 par value, 20,000,000 shares authorized, none issued and outstanding — — Preferred stock, $ 0.01 par value, 100,000,000 shares authorized, none issued and outstanding — — Paid in capital 1,919 1,891 Accumulated deficit ( 399 ) ( 628 ) Accumulated other comprehensive loss, net of tax ( 37 ) ( 31 ) TOTAL STOCKHOLDERS' EQUITY 1,484 1,233 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 5,176 $ 5,025 The accompanying notes are an integral part of the condensed consolidated fina